310 Mechanic StreetJeffersonvilleIN47130
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Jeffersonville at 310 Mechanic Street, Jeffersonville, IN, 47130 uses $92,787 cash to close to unlock $4,749/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $2,076/mo, and a $1,370/mo payment keeps the spread at $396/mo. Purchase price stands at $279,900, and rental yield measures 8.9% with $2,076/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 130.05% and total cumulative return in cash records $120,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,076/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1926
9,796 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47130, Jeffersonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,959 (100%) |
| Owner Occupied HU | 14,147 (59.0%) |
| Renter Occupied HU | 8,079 (33.7%) |
| Vacant Housing Units | 1,733 ( 7.2%) |
| Median Home Value | $238,881 |
| Average Home Value | $268,900 |
Housing Distribution
Address Breakdown
Residential
23,377
Single Family
20,941
Multi-Family
2,436
Businesses
1,498
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Listed by: Matt Schaefer • Schaefer Real Estate, LLC
Mls Name: SIRA
Mls ID: #2025010922